And Chanel? Well, Karl just staged a full runway show — plus movie — for a Pre-Fall collection, when most designers do a presentation at most. Chanel's pre-Fall — in this case, Paris-Moscow — collection was established to showcase the skills of the house's couture ateliers, so the extravagance goes without saying. The dresses may be expensive, but Karl waved off any mention of the economy: "These dresses come out in six or seven months from now, and the world may have changed by then." And the annual tradition which has carried through Paris, New York, Tokyo, Monte Carlo, London, and this year Moscow will continue on next year in another emerging market: Shanghai.*image: source, source